The daily chart of Bitcoin shows obvious signs of recovery. After dipping to a low of 105,671 on June 12, it has gradually built a channel of oscillation upward. However, it is worth noting that recent highs have frequently shown long upper shadow patterns, suggesting that there is intense selling pressure around the 110,000 mark, and the momentum for a breakout upwards has diminished.

From a 4-hour perspective, the small bearish candle formed on June 17 signals a short-term top, and the upward momentum appears to be weakening. In terms of technical indicators, the MACD double lines are repeatedly stuck near the zero axis, with red bars continuously narrowing, indicating that the driving force for the rise is fading, and the market may shift into a range-bound oscillation pattern. The current value of the Relative Strength Index (RSI) is 56, situated in the neutral to strong range, and has not yet reached the overbought warning line, suggesting there is still a demand for price correction in the short term.

Overall, the current market shows a state of being stuck, and it is suggested to pull back in the afternoon.

Bitcoin pullback: range of 106,000-106,500, target 107,500, breakout at 109,000.

Ether pullback: range of 2,540-2,560, target 2,650, breakout at 2,720.

Market conditions are constantly changing; the above suggestions are for reference only, and specific operations should be based on actual circumstances!

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